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Comcast outbids Fox in $40B battle for Sky

2018-09-22T18:33:12Z - Kate Clark / TechCrunch

Comcast has outbid Twenty-First Century Fox for the UK’s Sky, a final step in what’s been a years-long takeover battle between the two media conglomerates.
Comcast’s final offer gives Sky a roughly $39 billion price tag.
Both companies upped their offers for Sky at the settlement auction Saturday, with Comcast offering £17.28 per Sky ordinary share and Fox offering £15.67 per share.
Comcast initially priced Sky’s shares at £14.75 apiece.
Sky operates several brands including Sky News, Sky Sports and Sky Cinema.